Federated Kaufmann Correlations
FKKSX Fund | USD 43.63 0.10 0.23% |
The current 90-days correlation between Federated Kaufmann Small and Federated Global Allocation is 0.01 (i.e., Significant diversification). The correlation of Federated Kaufmann is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Federated Kaufmann Correlation With Market
Good diversification
The correlation between Federated Kaufmann Small and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small and DJI in the same portfolio, assuming nothing else is changed.
Federated |
Moving together with Federated Mutual Fund
0.85 | QKACX | Federated Mdt All | PairCorr |
0.65 | QKBGX | Federated Mdt Balanced | PairCorr |
0.61 | FSBCX | Federated Global All | PairCorr |
0.93 | QLSGX | Federated Mdt Small | PairCorr |
0.94 | QLSCX | Federated Mdt Small | PairCorr |
Moving against Federated Mutual Fund
0.72 | FSGVX | Federated U S | PairCorr |
0.72 | FSGIX | Federated Gov Sec | PairCorr |
0.67 | FSTIX | Federated Short Term | PairCorr |
0.67 | FSTYX | Federated Short Term | PairCorr |
0.67 | FTIAX | Federated Short Term | PairCorr |
0.66 | FSILX | Federated Short Term | PairCorr |
0.64 | INISX | Federated Intermediate | PairCorr |
0.49 | FRIEX | Federated Hermes Emerging | PairCorr |
0.49 | FSHSX | Federated Short-intermedia | PairCorr |
0.48 | PIEFX | Pnc Emerging Markets | PairCorr |
0.45 | EMDIX | Federated Emerging Market | PairCorr |
0.45 | FSHIX | Federated Short-intermedia | PairCorr |
0.44 | STIAX | Federated Strategic | PairCorr |
0.43 | STFSX | Federated Strategic | PairCorr |
0.42 | STILX | Federated Strategic | PairCorr |
0.42 | STISX | Federated Strategic | PairCorr |
0.42 | SVALX | Federated Strategic Value | PairCorr |
0.93 | BEARX | Federated Prudent Bear | PairCorr |
0.69 | FCBRX | Federated Hermes | PairCorr |
0.69 | FULBX | Federated Ultrashort Bond | PairCorr |
0.69 | FUSGX | Federated Fund For | PairCorr |
0.68 | FTGLX | Federated Total Return | PairCorr |
0.68 | FTGSX | Federated Total Return | PairCorr |
0.68 | FTRGX | Federated Total Return | PairCorr |
0.68 | FULAX | Federated Ultrashort Bond | PairCorr |
0.68 | FULLX | Federated Hermes Ult | PairCorr |
Related Correlations Analysis
0.1 | 0.77 | -0.01 | 0.88 | FSBKX | ||
0.1 | -0.51 | 0.97 | -0.34 | FTRKX | ||
0.77 | -0.51 | -0.62 | 0.96 | FMXKX | ||
-0.01 | 0.97 | -0.62 | -0.43 | FIGKX | ||
0.88 | -0.34 | 0.96 | -0.43 | QKACX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Federated Mutual Fund performing well and Federated Kaufmann Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Kaufmann's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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FSBKX | 0.48 | (0.01) | 0.00 | (0.06) | 0.00 | 0.93 | 2.90 | |||
FTRKX | 0.24 | 0.00 | 0.13 | 0.13 | 0.25 | 0.54 | 1.30 | |||
FMXKX | 0.83 | (0.05) | 0.00 | (0.09) | 0.00 | 1.62 | 4.62 | |||
FIGKX | 0.16 | 0.01 | 0.19 | 9.71 | 0.11 | 0.32 | 0.84 | |||
QKACX | 0.87 | (0.01) | 0.00 | (0.05) | 0.00 | 1.44 | 4.60 |